Key Highlights
- BitGo, the crypto babysitter, finally figures out how to sell shares at a fancy $18-above the “we’re just guessing” range-aiming to raise a cool $212.8 million. Looks like someone’s trying to buy a new yacht.
- Debuting on January 22, the big crypto circus acts as one of the first major acts of 2026-because nothing says stability like a digital monkey on a pogo stick.
- Goldman Sachs and Citigroup, the dynamic duo of financial wizardry, lead the charge-probably with magic wands-Securing SEC approval just in time to keep the chaos alive.
Crypto infrastructure company BitGo finally did the unthinkable-priced its IPO at $18, soaring above the forecast of $15-$17. Yes, folks, the crypto company you’ve never heard of is making history as the first major IPO of 2026, proving that institutional investors are still out there, blindly chasing “picks and shovels” in the digital gold rush-and ignoring the fact that the gold might be fool’s gold.
Shares are set to start trading on the NYSE on January 22 under the ticker symbol BTGO-because what’s more fun than investing in a company with a name that sounds like a frog’s croak?
The offering includes a modest 11.8 million shares-roughly $212.8 million at $18 each. Early investors are selling about 800,000 shares, leaving BitGo with a big fat nothing. But hey, they’re probably too busy counting their digital pennies to notice.
And don’t worry-underwriters have an extra 30 days to buy up to 1.77 million more shares if the frenzy continues. Because nothing says “stability” like gambling on whether crypto will stay afloat.
The Ringmasters and the Gaggle of Regulators
Goldman Sachs, the big top boss, is leading the pack, with Citigroup and a parade of other financial clowns helping manage this spectacle. The SEC gave its thumbs-up on January 21, 2026-probably just in time for the show.
About BitGo and the Big Crypto Circus
Founded in 2013, BitGo is basically the digital safe that locks up your crypto treasures while they wait for the next crash. They manage over $100 billion in assets-because nothing says trust like a lot of zeros. Valued at over $2 billion, they’re more serious than they look-well, sort of.
Meanwhile, the government is still fumbling with crypto regulations, but BitGo almost got a golden ticket to be a federally regulated trust bank-because who doesn’t want to be a bank for digital pirates?
As investors tiptoe back into crypto after years of chaos, fraud, and regulatory slapstick, BitGo’s debut is being watched like a train wreck-will it crash or just scare everyone senseless? Stay tuned, or don’t. Either way, it’s entertainment.
Meanwhile, another crypto company, Kraken’s buddy KRAK Acquisition Corp, is trying to jump on the public market bandwagon, hoping to raise up to $250 million-because who doesn’t love a good gamble?
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2026-01-22 14:44